The Boston Beer Company will have a new CEO this spring. On Tuesday, the beer giant behind Samual Adams and Dogfish Head announced that current president and CEO Dave Burwick is set to retire April 1. Lead director Michael Spillane will assume the CEO role the same day.
Burwick has been CEO of the company since 2018 and has been on Boston Beer’s board since 2005. During Burwick’s tenure, Boston Beer Company’s revenue more than doubled, and its stock generated average annual returns of 12 percent — an impressive number when compared to other U.S. beer companies. Burwick guided the growth of Boston Beer’s “beyond beer” category, including billion-dollar brands Twisted Tea and Truly. He also oversaw product launches like Hard MTN Dew and introduced new partnerships with major companies such as PepsiCo and Beam Suntory.
